Sentences with phrase «called bankruptcy trustees»

In Canada the only person who can be a consumer proposal administrator is a Licensed Insolvency Trustee (formerly called a bankruptcy trustee in Canada).

A licensed insolvency trustee (previously called a bankruptcy trustee) is regulated by the Office of the Superintendent of Bankruptcy.

To file bankruptcy you must see a Licensed Insolvency Trustee (previously called bankruptcy trustee).

Regulated by the federal government, a LIT (previously called a bankruptcy trustee) is trained and certified to resolve your debts.

Not exact matches

In all bankruptcy cases, you only have to go to a proceeding called the «meeting of creditors» (also called a «341 meeting») to meet with the bankruptcy trustee and any creditor who chooses to come.

One of the reasons that the trustee will file what we call a pre bankruptcy and a post bankruptcy tax return, that means we'll file a tax return from January 1st of the year so if you went bankrupt today it would be from January 1st to June 9th.

These assets are called bankruptcy exemptions, because they are exempt from seizure by your Licensed Insolvency Trustee.

In bankruptcy, mediation is available to resolve two types of disputes: disagreements over the amount of money the bankrupt will pay to the trustee for the benefit of the creditors during the bankruptcy (called surplus income payment); and disagreements regarding the conditions that the trustee has recommended for bankruptcy discharge.

Non-profit credit counselling organizations offer an interest relief program called a Debt Management Program and bankruptcy trustee companies offer a repayment plan called a Consumer Proposal.

Chapter 7 bankruptcy is called a liquidation bankruptcy because it allows a court - appointed bankruptcy trustee to be appointed to your case, gather your nonexempt assets, and liquidate them to repay your qualifying creditors.

In more serious situations, trustees offer an alternative to bankruptcy called a consumer proposal.

In order to make a bankruptcy application you must meet in person with a licensed trustee in bankruptcy for something called the «assessment».

You can find out on the bankruptcy court reporting system called PACER, and / or the trustee will send out a distribution report.

(London bankruptcy trustees are now called LIT's).

Contact your local Trustee in Bankruptcy by calling 310-4321, visiting our nearest location for a free consultation, or completing our free assessment form online.

The person who administers your bankruptcy is called the trustee.

Your financial affairs will be dealt with by the Accountant in Bankruptcy or a separate insolvency practitioner, called the trustee.

One of the most common reasons it takes a person a long time to call a Trustee in bankruptcy is fear.

What you're doing, whatever payments you're required to make into the bankruptcy goes into a trust account, which is why I'm called a trustee.

You also want your trustee's office phone number so that you can provide that to the creditors as well if they call you after you have filed bankruptcy.

It is, however, called a liquidation bankruptcy, which means it allows a court - appointed trustee to accumulate your nonexempt assets and sell them to generate funds to repay certain creditors.

In Chapter 7 bankruptcy cases, the bankruptcy court exercises its complete authority over the cases through a person called the «bankruptcy trustee».

As Proposal Administrators and Trustees in Bankruptcy, we are the people you should call when you need a plan to deal with your debts.

Oftentimes, the bankruptcy trustee will sue the creditor, called a claw back lawsuit, to get the money you've paid them back so that it can be distributed equally and fairly.

If that is the case, you can talk to your trustee about something called a joint bankruptcy to deal with both your debts and save on your bankruptcy costs.

In a so called «straight» bankruptcy, the Trustee in bankruptcy seeks to liquidate the debtor's non exempt property and distribute the proceeds to the creditors in order of priority, in exchange for discharge of all eligible debt.

Chapter 7 bankruptcy is usually called «liquidation» because the bankruptcy trustees in Chapter 7 bankruptcy cases may opt to sell any non-exempt property the debtor owns.

Chapter 7 bankruptcy is often called as «liquidation» because the bankruptcy trustee in your Chapter 7 bankruptcy case has the option to liquidate, or sell, any of your non-exempt assets.

Chapter 7 bankruptcy is often called «liquidation» because in Chapter 7 bankruptcy cases, the bankruptcy trustee has the option to liquidate (sell) any non-exempt property owned by the debtor.

Pursuant to s. 102 of the Bankruptcy and Insolvency Act, the trustee in bankruptcy must call a meeting of creditors (note that a trustee in bankruptcy is different than an estate trustee, which is why bankruptcy can be an attractive option to estate trustees who find themselves out of theBankruptcy and Insolvency Act, the trustee in bankruptcy must call a meeting of creditors (note that a trustee in bankruptcy is different than an estate trustee, which is why bankruptcy can be an attractive option to estate trustees who find themselves out of thebankruptcy must call a meeting of creditors (note that a trustee in bankruptcy is different than an estate trustee, which is why bankruptcy can be an attractive option to estate trustees who find themselves out of thebankruptcy is different than an estate trustee, which is why bankruptcy can be an attractive option to estate trustees who find themselves out of thebankruptcy can be an attractive option to estate trustees who find themselves out of their depth).

Negotiations with trustees in bankruptcy, liquidators and administrators (what we call «office holders») including negotiation with and advice in relation to the office holder's rights.

Chapter 7 bankruptcy is often called «liquidation» because bankruptcy trustees in Chapter 7 bankruptcy cases have the option to sell any non-exempt property the debtor may own.

Chapter 7 bankruptcy is called «liquidation» because the bankruptcy trustees in Chapter 7 bankruptcy cases have the option to liquidate any non-exempt property that the debtor owns.